Why Tesla, Williams Companies, and Three More Are in the Spotlight

Texas Instruments Incorporated (NASDAQ:TXN), NXP Semiconductors NV (NASDAQ:NXPI), and Analog Devices, Inc. (NASDAQ:ADI) are each in the spotlight after Barron’s published a bullish article on the three. In the column, author Tiernan Ray says that the three companies have considerable upside as investors focus on innovation rather than dividends and M&A. Ray thinks that, as interest rates normalize, investors will pay closer attention to the company’s R&D pipeline and products rather than the current focus on mostly financial metrics.

The author notes that Analog Devices’ micro-electro-mechanical devices, for example, could eventually be used for broader purposes that could increase the company’s profit down the road. Similarly NXP’s R&D on new chips could eventually help MRI scanners be more precise and reliable.

Of the funds in our database, 31 were bullish on Texas Instruments Incorporated (NASDAQ:TXN) at the end of June, owning just 1.10% of its float. Meanwhile 57 funds owned shares of NXP Semiconductors NV (NASDAQ:NXPI) and 26 funds were long Analog Devices, Inc. (NASDAQ:ADI) as of the same date.

Disclosure: None